Monthly Rent Report
Chelsea Rent Report — May 2025
Asking rents in ZIP 10001, New York City, from 330 listings.
Median 1BR rent in Chelsea was $6,524 in May 2025, down 7.3% (−$511) from April 2025 and up 13.8% year-over-year. The middle half of 1BR listings asked between $6,245 and $6,821. That puts Chelsea $3,683 above the New York City citywide 1BR median of $2,841. The month's figures are based on 330 listings across 14 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2025 | Vs. May 2024 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,766 | +$169 (+3.7%) | +$521 (+12.3%) | $4,678 – $4,925 | 13 |
| Studio | $4,657 | +$60 (+1.3%) | +$412 (+9.7%) | $4,606 – $4,822 | 17 |
| Studio | $4,380 | −$217 (-4.7%) | +$135 (+3.2%) | $4,169 – $4,861 | 112 |
| 1BR | $6,524 | −$511 (-7.3%) | +$789 (+13.8%) | $6,245 – $6,821 | 11 |
| 1BR | $6,374 | −$661 (-9.4%) | +$639 (+11.1%) | $5,844 – $6,739 | 112 |
| 1BR | $7,310 | +$275 (+3.9%) | +$1,575 (+27.5%) | $7,138 – $7,391 | 6 |
| 2BR | $10,172 | +$1,577 (+18.3%) | +$1,582 (+18.4%) | $9,447 – $10,240 | 3 |
| 2BR | $9,399 | +$804 (+9.3%) | +$809 (+9.4%) | $9,386 – $9,411 | 2 |
| 2BR | $8,350 | −$245 (-2.9%) | −$240 (-2.8%) | $5,800 – $9,395 | 37 |
| 3BR | $8,295 | −$705 (-7.8%) | −$2,205 (-21.0%) | $1,850 – $10,490 | 9 |
| 3BR | $13,510 | +$4,510 (+50.1%) | +$3,010 (+28.7%) | $13,510 – $13,510 | 1 |
| 4BR | $1,300 | −$13 (-1.0%) | −$7,195 (-84.7%) | $1,300 – $1,325 | 3 |
| 4BR | $16,950 | +$15,637 (+1190.9%) | +$8,455 (+99.5%) | $9,350 – $16,950 | 3 |
Median, P25, and P75 are asking rents from listings posted in May 2025. Changes compare against the nearest prior month with data.
Chelsea vs. New York City — May 2025
| Bedrooms | Chelsea Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,766 | $2,799 | +$1,967 (+70.3%) |
| Studio | $4,657 | $2,799 | +$1,858 (+66.4%) |
| Studio | $4,380 | $2,799 | +$1,581 (+56.5%) |
| 1BR | $6,524 | $2,841 | +$3,683 (+129.7%) |
| 1BR | $6,374 | $2,841 | +$3,533 (+124.4%) |
| 1BR | $7,310 | $2,841 | +$4,469 (+157.3%) |
| 2BR | $10,172 | $3,263 | +$6,910 (+211.8%) |
| 2BR | $9,399 | $3,263 | +$6,136 (+188.1%) |
| 2BR | $8,350 | $3,263 | +$5,088 (+155.9%) |
| 3BR | $8,295 | $3,777 | +$4,518 (+119.6%) |
| 3BR | $13,510 | $3,777 | +$9,733 (+257.7%) |
| 4BR | $1,300 | $4,345 | −$3,045 (-70.1%) |
| 4BR | $16,950 | $4,345 | +$12,605 (+290.1%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in May 2025.